Menzgold CEO, NAM1 Reportedly Arrested In Dubai

There are different reports surrounding CEO of Menzgold, Nana Appiah Mensah. Moreover, according to reports, the Interpol arrested him in Dubai.

Apparently, Interpol picked him up in Dubai on Saturday.

Furthermore, according to Citi News sources, his arrest is not in relation to the scandal in Ghana.

The Statesman Newspaper portal first reported the arrest. Apparently, his arrest came after a complaint filed by an individual in that country. According to him, Appiah Mensah duped him in a gold deal.

Moreover, a very close source to NAM1 confirmed the arrest. However, they did not give further details.

According to the report,

“the Dubai dealer, a national of the United Arab Emirates reported that his company, Horizon Royal Diamonds DMCC, had attempted to close a deal with Appiah Mensah involving 750 kilos of gold with the value of about US$51 million.

However, NAM1 issued a countersuit alleging that Horizon Royal Diamonds DMCC rather owes Menzgold $28 million.

Furthermore, back in Ghana, Nana Appiah Mensah is wanted over his company’s inability to pay investors their monies, together with two other directors of the company.

However, there are reports that the news of his arrest is fake. At this point, there are different stories till we see the man himself